A survey is not legally required, however it is always advisable to have one completed. There are three different types:
A mortgage valuation – The lender will insist on carrying out a formal valuation to reassure them that the property is sufficient security against the loan.
A homebuyer report – This is a detailed, visual inspection of the property. It should be conducted by a qualified surveyor and will highlight any issues that may require further investigation.
A structural survey – This is required for older properties, or those that have undergone major structural changes or have been constructed from unusual materials.